Six Flags Entertainment (NYSE:SIX – Get Rating) had its price objective cut by Stifel Nicolaus from $52.00 to $35.00 in a report published on Friday, The Fly reports.
A number of other research analysts have also recently issued reports on the stock. StockNews.com began coverage on shares of Six Flags Entertainment in a report on Thursday, March 31st. They set a hold rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Six Flags Entertainment from $57.00 to $56.00 in a report on Friday, May 13th. Citigroup decreased their price objective on shares of Six Flags Entertainment from $51.00 to $41.00 in a report on Friday, May 13th. B. Riley cut shares of Six Flags Entertainment from a buy rating to a neutral rating and decreased their price objective for the company from $55.00 to $24.00 in a report on Tuesday. Finally, Truist Financial decreased their price objective on shares of Six Flags Entertainment from $46.00 to $32.00 in a report on Friday, May 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $45.30.
SIX opened at $22.85 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 12.49 and a beta of 2.24. The firm has a 50 day simple moving average of $30.72 and a 200 day simple moving average of $37.86. Six Flags Entertainment has a fifty-two week low of $19.91 and a fifty-two week high of $47.24.
Six Flags Entertainment (NYSE:SIX – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported ($0.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31. The business had revenue of $138.10 million during the quarter, compared to the consensus estimate of $122.26 million. Six Flags Entertainment had a net margin of 10.31% and a negative return on equity of 15.34%. Six Flags Entertainment’s revenue for the quarter was up 68.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.12) earnings per share. As a group, equities analysts anticipate that Six Flags Entertainment will post 2.55 earnings per share for the current fiscal year.
In other Six Flags Entertainment news, CFO Gary Mick bought 1,325 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average price of $23.82 per share, for a total transaction of $31,561.50. Following the completion of the acquisition, the chief financial officer now owns 30,000 shares of the company’s stock, valued at approximately $714,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arik W. Ruchim bought 25,000 shares of Six Flags Entertainment stock in a transaction that occurred on Thursday, May 26th. The shares were acquired at an average price of $29.78 per share, with a total value of $744,500.00. Following the acquisition, the director now directly owns 9,375,000 shares of the company’s stock, valued at approximately $279,187,500. The disclosure for this purchase can be found here. Insiders bought 553,325 shares of company stock valued at $16,049,162 in the last quarter. Corporate insiders own 0.41% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Six Flags Entertainment during the first quarter worth $35,000. Acadian Asset Management LLC bought a new stake in Six Flags Entertainment during the fourth quarter worth $39,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Six Flags Entertainment by 58.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company’s stock worth $51,000 after acquiring an additional 428 shares in the last quarter. Spire Wealth Management raised its position in Six Flags Entertainment by 464.1% during the fourth quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock worth $54,000 after acquiring an additional 1,035 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Six Flags Entertainment by 58.9% during the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after acquiring an additional 466 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.
Six Flags Entertainment Company Profile (Get Rating)
Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company also sells food, beverages, merchandise, and other products and services within its parks.
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Source: defenseworld.net
